Based in Hong Kong, Bitfinex is one of the leading cryptocurrency exchanges in the world that is geared towards cryptocurrency investing and trading. It is managed by iFinex Inc and it deals in BTC/USD and 7 other major Altcoins such as Ethereum and Monero. By volume, Bitfinex is currently the largest cryptocurrency exchange in the world, especially when the Central Bank of China decided to impose trading fees on cryptocurrency trading. This, in essence, resulted in Chinese cryptocurrency exchanges being unable to compete with other major cryptocurrency exchanges around the world. The ruling by the Central Bank of China also effectively ended the practice of Chinese cryptocurrency exchanges of “wash trading”, a process of reporting artificially inflated trading volumes. As such, Bitfinex is viewed by the cryptocurrency community as one of the more reliable cryptocurrency exchanges around.
